Meyer Burger in talks with bondholders to inject fresh capital

Meyer Burger Technology AG

31/10/2024 22:57

Oct 31 (Reuters) - Swiss solar panel maker Meyer Burger
 MBTN.S  said on Thursday it has entered advanced negotiations
with a group of bondholders to inject fresh capital into the
business and restructure existing liabilities under certain
convertible bonds.
   The company said it now expects annual sales of around CHF
350 to CHF 400 million and earnings before interest, taxes,
depreciation, and amortization (EBITDA) of around CHF 70 million
from 2026.

 (Reporting by Kanjyik Ghosh; editing by Alan Barona)
 ((Kanjyik.Ghosh@thomsonreuters.com))